Flex Ltd. (NASDAQ:FLEX) Shares Purchased by Cozad Asset Management Inc.

Cozad Asset Management Inc. lifted its position in shares of Flex Ltd. (NASDAQ:FLEX) by 14.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 347,178 shares of the technology company’s stock after acquiring an additional 43,099 shares during the period. Flex accounts for 1.1% of Cozad Asset Management Inc.’s portfolio, making the stock its 22nd biggest holding. Cozad Asset Management Inc. owned about 0.09% of Flex worth $11,606,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of FLEX. Creative Planning boosted its position in Flex by 0.6% during the 3rd quarter. Creative Planning now owns 141,371 shares of the technology company’s stock worth $4,726,000 after acquiring an additional 839 shares during the period. SG Americas Securities LLC increased its stake in Flex by 441.6% during the 2nd quarter. SG Americas Securities LLC now owns 47,477 shares of the technology company’s stock valued at $1,400,000 after buying an additional 38,711 shares during the period. Hsbc Holdings PLC boosted its holdings in shares of Flex by 254.9% in the second quarter. Hsbc Holdings PLC now owns 50,770 shares of the technology company’s stock valued at $1,499,000 after acquiring an additional 36,465 shares in the last quarter. Twin Tree Management LP increased its stake in shares of Flex by 29,912.0% during the first quarter. Twin Tree Management LP now owns 97,239 shares of the technology company’s stock valued at $2,782,000 after acquiring an additional 96,915 shares during the period. Finally, Valliance Asset Management Ltd acquired a new stake in Flex in the second quarter worth approximately $2,654,000. Institutional investors and hedge funds own 94.30% of the company’s stock.

Insider Buying and Selling

In other news, insider Kwang Hooi Tan sold 8,028 shares of the company’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $35.39, for a total transaction of $284,110.92. Following the completion of the transaction, the insider now directly owns 240,018 shares in the company, valued at $8,494,237.02. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Kwang Hooi Tan sold 8,028 shares of the company’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $35.39, for a total transaction of $284,110.92. Following the completion of the transaction, the insider now owns 240,018 shares of the company’s stock, valued at approximately $8,494,237.02. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP David Scott Offer sold 10,000 shares of Flex stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $32.95, for a total value of $329,500.00. Following the sale, the executive vice president now directly owns 158,094 shares in the company, valued at approximately $5,209,197.30. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 28,028 shares of company stock valued at $933,511. Insiders own 0.82% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on FLEX. Barclays boosted their price target on shares of Flex from $39.00 to $43.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. Craig Hallum raised their target price on shares of Flex from $39.00 to $45.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. JPMorgan Chase & Co. upped their price target on Flex from $34.00 to $40.00 and gave the company an “overweight” rating in a report on Tuesday, July 23rd. KeyCorp started coverage on Flex in a research note on Tuesday, October 22nd. They set an “overweight” rating and a $41.00 price objective for the company. Finally, The Goldman Sachs Group set a $39.00 price target on Flex in a research report on Thursday, October 17th. Six equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $40.83.

Flex Trading Up 7.1 %

Shares of FLEX stock opened at $38.98 on Thursday. The business’s 50 day moving average is $33.09 and its two-hundred day moving average is $31.40. The company has a quick ratio of 0.85, a current ratio of 1.43 and a debt-to-equity ratio of 0.64. Flex Ltd. has a 12 month low of $21.84 and a 12 month high of $39.17. The company has a market cap of $15.12 billion, a PE ratio of 17.25, a price-to-earnings-growth ratio of 2.08 and a beta of 1.08.

About Flex

Flex Ltd. provides technology, supply chain, and manufacturing solutions in Asia, the Americas, and Europe. It operates through three segments: Flex Agility Solutions (FAS), Flex Reliability Solutions (FRS), and Nextracker. The FAS segment offers flexible supply and manufacturing system comprising communications, enterprise and cloud solution, which includes data, edge, and communications infrastructure; lifestyle solution including appliances, consumer packaging, floorcare, micro mobility, and audio; and consumer devices, such as mobile and high velocity consumer devices.